Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Brokerage

eXp Realty almost doubles agent count

eXp World Holdings, Inc., the holding company for eXp Realty announced that it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020.

“Our growth is a direct result of our agent-centric value proposition and our commitment to providing the best possible resources for our agents to succeed,” said Jason Gesing, CEO of eXp Realty. “Agents are immersed in our innovative, cloud-based model that provides clear financial incentives and unrivaled technology and training. Starting the second half of 2021 with over 60,000 agents sets a strong foundation for continued growth.”

RealTrends interviewed Glenn Sanford, founder and CEO of eXp World Holdings for a podcast where he discussed the growth of the company. “We were fortunate to be able to attract Michael Valdes [president of eXp Global.] He had run a large international division for Realogy. He’s been helping us grow out the international footprint of eXp,” said Sanford. “Obviously, domestically in the US, we’ve got a pretty good percentage of the agent base. Something like 3% to 4% of the agents, which means that one of every 25 or 30 agents is actually an eXp agent, which is an incredible number to think about. And so internationally, I think that’s going to be our big growth opportunity.”

In 2021, eXp Realty expanded into eight new international locations, including Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel and Panama.

The company recently announced a mortgage joint venture with Glenn Stearns’s Kind Lending, called Success Lending.

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